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Crescent Energy Announces Pricing of Upsized $600 Million Private Placement of 8.375% Senior Notes Due 2034

1. Crescent Energy priced $600 million in 8.375% Senior Notes due 2034. 2. Offering size increased, indicating strong demand or need for capital.

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FAQ

Why Bullish?

The increased offering suggests heightened investor interest. Historical trends show similar bond offerings often lead to stock price appreciation due to improved liquidity.

How important is it?

The transaction could indicate financial health and investment stability, impacting CRGY's appeal to investors.

Why Long Term?

Long-term financing may enhance operational flexibility and growth. Past issuances have led to sustained positive momentum over time.

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CRESYOXYMRO
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $600 million aggregate principal amount of 8.375% Senior Notes due 2034 (the “Notes”). The size of this offering was increased from the previous.

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